Brasada Capital Management LP Invests $598,000 in Archrock, Inc. $AROC

Brasada Capital Management LP bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the 4th quarter, Holdings Channel reports. The firm bought 23,000 shares of the energy company’s stock, valued at approximately $598,000.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in shares of Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after purchasing an additional 403 shares during the last quarter. Ameriflex Group Inc. bought a new position in Archrock in the third quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Archrock in the fourth quarter valued at about $33,000. Jones Financial Companies Lllp boosted its holdings in Archrock by 217.9% in the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after acquiring an additional 902 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Archrock by 234.9% in the fourth quarter. Covestor Ltd now owns 1,410 shares of the energy company’s stock valued at $37,000 after acquiring an additional 989 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Insider Activity

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.19, for a total value of $1,260,270.00. Following the transaction, the senior vice president owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Doug S. Aron sold 98,050 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $34.76, for a total value of $3,408,218.00. Following the completion of the transaction, the chief financial officer directly owned 484,337 shares in the company, valued at $16,835,554.12. The trade was a 16.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 327,550 shares of company stock worth $11,861,703 in the last three months. Insiders own 2.90% of the company’s stock.

Archrock Trading Up 1.4%

NYSE:AROC opened at $36.58 on Friday. Archrock, Inc. has a 1-year low of $21.17 and a 1-year high of $40.12. The business’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $32.10. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.56 and a beta of 0.87.

Archrock (NYSE:AROC) last released its earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company had revenue of $373.77 million during the quarter, compared to analyst estimates of $378.36 million. Archrock’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Archrock, Inc. will post 1.95 earnings per share for the current year.

Archrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s dividend payout ratio is presently 47.83%.

Analyst Upgrades and Downgrades

AROC has been the topic of several recent research reports. Citigroup raised their price target on Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Royal Bank Of Canada raised their price target on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Wells Fargo & Company raised their price target on Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus set a $41.00 price target on Archrock in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $41.14.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.